Shares of The Boeing Company (NYSE:BA – Get Free Report) have received an average rating of “Moderate Buy” from the twenty-seven ratings firms that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, eighteen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $266.96.
Several brokerages recently commented on BA. Rothschild & Co Redburn upped their price target on shares of Boeing from $260.00 to $285.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. restated a “buy” rating on shares of Boeing in a research report on Sunday, September 27th. Barclays assumed coverage on Boeing in a research report on Friday, October 9th. They set an “overweight” rating and a $300.00 target price for the company. Tigress Financial boosted their target price on shares of Boeing from $295.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, UBS Group reissued a “buy” rating on shares of Boeing in a research note on Tuesday, September 29th.
More Boeing News
Here are the key news stories impacting Boeing this week:
- Positive Sentiment: The FAA has granted final certification for Boeing’s long-delayed 737 MAX 10, removing a significant hurdle for deliveries and allowing the aircraft to compete more directly with Airbus’ A321neo. The approval could support Boeing’s backlog, revenue, cash flow, and long-term competitiveness. Boeing wins FAA certification for 737 MAX 10
- Positive Sentiment: Analysts and investors expect the MAX 10 approval, rising aircraft deliveries, and stronger commercial-services demand to improve earnings and support Boeing’s turnaround. A production recovery could also improve margins across the aerospace supply chain. Great News for Boeing Investors
- Positive Sentiment: GA-ASI, a General Atomics business, is partnering with Spirit Defense, a Boeing company, to support airframe production for the FQ-42 Vengeance Collaborative Combat Aircraft. The relationship highlights potential defense-manufacturing activity for Boeing-affiliated operations, although the financial impact was not disclosed. GA-ASI Partnering With Spirit Defense For FQ-42 CCA Production
- Neutral Sentiment: Boeing is scheduled to report third-quarter results before the market opens on October 27. Investors will focus on deliveries, free cash flow, MAX production, services demand, and management’s guidance for the recovery. Boeing Stock Preps the Runway Ahead of Earnings
- Negative Sentiment: Despite the certification win, investors remain concerned about Boeing’s high debt burden, weak liquidity metrics, supply-chain delays, negative returns on invested capital, and the company’s ability to convert production growth into sustainable cash flow. What’s Going on With Boeing Shares on Friday?
Boeing Stock Up 0.4%
Shares of NYSE:BA opened at $188.36 on Tuesday. The firm has a market cap of $148.87 billion, a PE ratio of 81.54 and a beta of 1.26. Boeing has a 12-month low of $176.77 and a 12-month high of $254.35. The company has a fifty day simple moving average of $200.75 and a 200 day simple moving average of $215.14. The company has a current ratio of 1.14, a quick ratio of 0.33 and a debt-to-equity ratio of 6.77.
Boeing (NYSE:BA – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.42). Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The firm had revenue of $24.56 billion for the quarter, compared to analyst estimates of $24.26 billion. During the same period in the prior year, the company posted ($1.24) earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. On average, equities research analysts anticipate that Boeing will post -1.08 EPS for the current fiscal year.
Hedge Funds Weigh In On Boeing
A number of institutional investors and hedge funds have recently bought and sold shares of BA. Highland Investment Advisors LLC acquired a new stake in Boeing during the 2nd quarter worth about $26,000. Strategic Wealth Advisors LLC purchased a new position in shares of Boeing in the second quarter worth about $27,000. Bell Investment Advisors Inc bought a new stake in Boeing during the 2nd quarter valued at $29,000. Bayban bought a new stake in Boeing during the fourth quarter valued at $29,000. Finally, Security National Bank of SO Dak purchased a new position in shares of Boeing in the 2nd quarter worth about $30,000. Institutional investors and hedge funds own 64.82% of the company’s stock.
Boeing Company Profile
The Boeing Company (NYSE: BA) is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, satellites, space systems and related products and services. Its offerings serve airlines, government agencies, defense organizations and other customers worldwide.
Boeing operates through three principal business areas: Commercial Airplanes, which develops and produces passenger and cargo aircraft; Defense, Space & Security, which provides military aircraft, weapons systems, satellites and space-related platforms; and Global Services, which offers parts, maintenance, training, engineering and other lifecycle support.
Founded in 1916 by William Boeing, the company has grown into one of the world’s major aerospace manufacturers.
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